Vitamin Market growth at a CAGR rate of 5.75% in the forecast period of 2022 to 2027.
An increase in the need for functional and rich in nutrition processed food products are the major factors behind the growth of the vitamins market over the forecasted period. In addition, one of the common reasons that are expected to drive the market is vastly found vitamin deficiencies among people. Moreover, feed protection due to a rise in the consumption of global meat and dairy products is also anticipated to play a key role in driving the market.
However, the factors that are expected to hamper the growth of the market are the limited supply of raw materials for natural vitamins and an increase in the prices of vitamins. In the recent future, growth opportunities will be provided to the market by sourcing natural and allergen-free vitamin E.
The surge in lactose narrow-mindedness among overall shoppers is a significant development sponsor in the Vitamin Supplements Market. Rising mindfulness about the medical advantages of Global Market additionally stays a significant justification for the market's solid exhibition across the globe. Normally, the taking off the notoriety of Asian food worldwide will introduce appealing open doors in the Vitamin Supplements industry in the future days.
03 Mar 2021: DSM launches ampli-D®, a 3 times faster-acting form of vitamin D supplement in Australia--
Royal DSM, a purpose-led global science-based company in nutrition, health and sustainable living, today announced the launch of ampli-D®, a fast-acting form of vitamin D for dietary supplements in Australia. ampli-D® is a faster and more effective way for Australian consumers to boost vitamin D levels in the body in just days and weeks instead of months to support immune health.
June 07, 2021 – BASF Nutrition and Health presents new and multifaceted health and lifestyle concepts at Food Ingredients China 2021--
BASF announced today that it will participate at the upcoming Food Ingredients China (FIC) 2021 trade show taking place from June 08 to 10 at the National Exhibition and Convention Center in Shanghai. The trade show is one of the largest ingredients events in Asia.
Vitamin Market is segmented based on the type, applications, companies, and regions.
By Type, Vitamin Market has been segmented into
By Application, Vitamin Market has been segmented into
By End-User, Vitamin Market has been segmented into
The supermarkets/hypermarkets segment is gaining huge popularity worldwide owing to its product offerings at discounted prices under a single roof. Separate product shelves in these retail offer an easy shopping experience to consumers which has resulted in increased footfalls.
In 2020, Asia Pacific will account for the majority of the market, with a value of USD 70.4 billion. Nutritional food has become a more established and polished concept in Asia Pacific, owing to rising consumer awareness and worries about malnutrition. Because of the lengthy history of traditional medicine and its association with consumers, China and Japan are the region's largest marketplaces. In addition, as middle-class consumers in the region's disposable income rises, they are able to spend more on products that benefit their general health. Government measures to alleviate micronutrient deficiencies are driving some of the market's growth.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.75% over the forecast period (2022-2027) |
By Type |
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By Application |
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| By End-User |
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By Companies | DSM, Lonza, CSPC, BASF, ZHEJIANG MEDICINE, LUWEI PHARMACY, NORTHEAST PHARM, North China Pharmaceutical, NHU, JUBILANT, Vertellus, Brother, ADISSEO, GARDEN BIOCHEMICAL HIGH-TECH, KINGDOMWAY |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 158 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Vitamin Market?
The Vitamin Market is growing at a CAGR of 5.9% over the next 5 years.
Who are the key players in Vitamin Market?
DSM, Lonza, CSPC, BASF, ZHEJIANG MEDICINE, LUWEI PHARMACY, NORTHEAST PHARM, North China Pharmaceutical, NHU, JUBILANT, Vertellus, Brother, ADISSEO, GARDEN BIOCHEMICAL HIGH-TECH, KINGDOMWAY
What are the significant types of Vitamin Market?
Vitamin A, Vitamin B3, Vitamin B5, Vitamin D3, Vitamin E, Vitamin C, Others
What are the major end-use applications of Vitamin Market?
Feed Additives, Pharmaceuticals and Cosmetics, Food and Beverage
How can I get a sample report/company profiles for the Vitamin Market?
The sample report for Vitamin Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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